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Ways of Settlement in International Tourism

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  • Dumitru Troancă

    („Lucian Blaga” University of Sibiu, Romania)

Abstract

The ways of settlement used within international commercial relations have evolved continuously, as an effect of the evolution of the world economy, as a whole, but also as an effect of the evolution of information technology and message transmitting techniques. In the same manner, the ways of settlement which are used in tourism, have also evolved due to the necessity to meet the high volume of international payments for tourism services. Cash payments, traveller’s cheques, bank card payments, payment order and internet payments are shortly take into consideration in this paper, discussing about how often are they used, in which cases and why one of them is preferred to another.

Suggested Citation

  • Dumitru Troancă, 2009. "Ways of Settlement in International Tourism," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(4), pages 297-300.
  • Handle: RePEc:pet:annals:v:9:i:4:y:2009:p:297-300
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    Keywords

    settlement; tourism; cash; cheque; card; payment;

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